Which funds own QQQ

Managers holding

11

at least, of 91 current

Combined value

$12.2bn

as reported

Opened

3

new this quarter

Added to

5

already held

Trimmed or sold out

4

1 sold out entirely

Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.

Sold out of this quarter

Valued at what the position was worth in the previous filing, because by this one it is gone.

• Glenview Capital Management LLC · Long/short equity$189m held before

Last reported earlier

These managers’ latest filings are from an earlier quarter, so they are not counted above.

• Eisler Capital Management Ltd · Q3 2025$29m · 0.1%

Reported as options rather than shares

A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.

• Susquehanna International Group LLP · calls$40.8bn notional
• Jane Street Group LLC · puts$36.3bn notional
• Susquehanna International Group LLP · puts$36.2bn notional
• Jane Street Group LLC · calls$28.6bn notional
• Citadel Advisors LLC · puts$26.6bn notional
• Citadel Advisors LLC · calls$23.5bn notional
• Rokos Capital Management LLP · puts$12.5bn notional
• Millennium Management LLC · puts$4.0bn notional
• Tudor Investment Corp · calls$3.6bn notional
• Tudor Investment Corp · puts$3.5bn notional
• Millennium Management LLC · calls$3.0bn notional
• Elliott Investment Management LP · puts$2.6bn notional
• D. E. Shaw & Co. · calls$2.4bn notional
• Squarepoint Ops LLC · calls$2.3bn notional
• Balyasny Asset Management LLC · puts$2.0bn notional
• Squarepoint Ops LLC · puts$1.1bn notional
• Schonfeld Strategic Advisors LLC · puts$882m notional
• Verition Fund Management LLC · puts$711m notional
• ExodusPoint Capital Management LP · puts$711m notional
• Oaktree Capital Management LP · puts$652m notional
• Verition Fund Management LLC · calls$644m notional
• Balyasny Asset Management LLC · calls$497m notional
• Brevan Howard Capital Management LP · calls$491m notional
• Rokos Capital Management LLP · calls$411m notional
• Schonfeld Strategic Advisors LLC · calls$356m notional
• Moore Capital Management LP · puts$336m notional
• Freestone Grove Partners LP · puts$336m notional
• Davidson Kempner Capital Management LP · puts$331m notional
• Element Capital Management LLC · puts$309m notional
• Hudson Bay Capital Management LP · puts$309m notional
• ExodusPoint Capital Management LP · calls$258m notional
• Marshall Wace LLP · puts$238m notional
• Marshall Wace LLP · calls$218m notional
• Walleye Capital LLC · puts$189m notional
• Point72 Asset Management LP · puts$118m notional
• Brevan Howard Capital Management LP · puts$74m notional
• Hudson Bay Capital Management LP · calls$37m notional

What is inside it

Knowing who bought a fund is half the question. The other half is what the fund holds, which is the manager’s actual exposure rather than the wrapper they reached for.

How much of the picture this is

A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.